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June CPI Drop Lowers Odds for 3.8% Social Security COLA in 2027
June's CPI drop lowers the probability of a 3.8% Social Security COLA for 2027, with the current Q3 average pointing to a 3.1% increase. The gap represents an $11.6 billion annualized difference in federal spending.
SoFi Stock Rebounds as Second Half Margin Targets Come into Focus
SoFi shares rose 2.6% in after-hours trading following cooler U.S. inflation data. The company's 2026 profit goals hinge on a sharp margin improvement in the second half of the year.
Nokia Faces Steep Profit Climb as Ericsson Flags AI-Driven Cost Pressures
Nokia shares fell 2.5% after Ericsson flagged AI-driven cost inflation. With 72.4% of Nokia's 2026 profit expected in H2, investors are focused on margins.
United's Table-Seat Experiment: Four Seats Must Earn 50% More
United Airlines is testing a shared-table row on its A321XLR jets, blocking two middle seats. The four remaining seats must generate 50% more revenue to match a standard row.
Nasdaq Futures Surge on Soft CPI, but Energy Drop Masks Underlying Inflation
Nasdaq futures rose 1.38% after June CPI fell 0.4%, the largest monthly drop since April 2020, but energy contributed most of the decline. IBM shares tumbled 22% on disappointing preliminary Q2 revenue.
Goldman Sachs Q2 Earnings Beat Sends P/E Lower, Premium on Book Value Widens
Goldman Sachs posted record Q2 earnings, with EPS of $20.98, beating estimates by 45%. The trailing P/E fell to 16.8, but the stock's premium to tangible book value expanded.
Wells Fargo Q2 Beats Estimates as Corporate and Investment Banking Drive Growth
Wells Fargo (WFC) reported Q2 earnings of $2.00 per share, beating estimates. Revenue rose 9% to $22.6B, driven by corporate and investment banking.
Student Loan Repayment Cliff Looms for 1.5 Million as SAVE Exit Wave Hits 2028
About 1 million borrowers have left the SAVE program, but 20% picked plans that end in 2028, hinting at another repayment crunch for up to 1.5 million.